Goodyear tries to vent off oversold saturation - Analysis - 22-06-2022
2022-06-22 12:34:05 GMT
(Economies.com)
Goodyear's stock (GT) rose a cautious 1.99% in the last session, or 22 cents, settling at 11.28, with trading volumes surpassing 4.2 million shares, below 10-day averages of 5.1 million shares.
The stock is recouping recent losses, and venting off oversold saturation from the RSI, amid the dominance of the downward correctional short-term trend, while trading alongside the downward trend line, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the important support of 10.00, provided it settles below the resistance of 12.09.
Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0427
|
-0.0154
|
1.4550%
|
|
|
|
|
1.2096
|
-0.0176
|
1.4311%
|
|
|
|
|
19.698
|
-1.669
|
7.811%
|
|
|
|
|
108.022
|
0.605
|
0.563%
|
|
|
|
|
111.50
|
2.47
|
2.27%
|
|
|
|
|
1799.775
|
-29.770
|
1.627%
|
|
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